What does dividend stickiness signal? Evidence from future earnings
碩士 === 國立交通大學 === 財務金融研究所 === 106 === In this study, we develop a firm-year level measure for dividend stickiness. We try to examine the information content of dividend stickiness using data form publicly listed-firms in U.S.. Our empirical result show a positive relationship between a stickier divi...
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| Online Access: | http://ndltd.ncl.edu.tw/handle/7p566g |
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ndltd-TW-106NCTU53040302019-05-16T01:24:32Z http://ndltd.ncl.edu.tw/handle/7p566g What does dividend stickiness signal? Evidence from future earnings 股利僵固對盈餘有何資訊意涵? Chen, Hung-Jui 陳宏叡 碩士 國立交通大學 財務金融研究所 106 In this study, we develop a firm-year level measure for dividend stickiness. We try to examine the information content of dividend stickiness using data form publicly listed-firms in U.S.. Our empirical result show a positive relationship between a stickier dividend policy and earnings persistence, earnings growth and price multiple on earnings. Our finding is robust after controlling the signaling effect of dividend, and is consistent with the explanation of signaling theory. Lin, Jui-Chia 林瑞嘉 2018 學位論文 ; thesis 42 en_US |
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NDLTD |
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en_US |
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Others
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NDLTD |
| description |
碩士 === 國立交通大學 === 財務金融研究所 === 106 === In this study, we develop a firm-year level measure for dividend stickiness. We try to examine the information content of dividend stickiness using data form publicly listed-firms in U.S.. Our empirical result show a positive relationship between a stickier dividend policy and earnings persistence, earnings growth and price multiple on earnings. Our finding is robust after controlling the signaling effect of dividend, and is consistent with the explanation of signaling theory.
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| author2 |
Lin, Jui-Chia |
| author_facet |
Lin, Jui-Chia Chen, Hung-Jui 陳宏叡 |
| author |
Chen, Hung-Jui 陳宏叡 |
| spellingShingle |
Chen, Hung-Jui 陳宏叡 What does dividend stickiness signal? Evidence from future earnings |
| author_sort |
Chen, Hung-Jui |
| title |
What does dividend stickiness signal? Evidence from future earnings |
| title_short |
What does dividend stickiness signal? Evidence from future earnings |
| title_full |
What does dividend stickiness signal? Evidence from future earnings |
| title_fullStr |
What does dividend stickiness signal? Evidence from future earnings |
| title_full_unstemmed |
What does dividend stickiness signal? Evidence from future earnings |
| title_sort |
what does dividend stickiness signal? evidence from future earnings |
| publishDate |
2018 |
| url |
http://ndltd.ncl.edu.tw/handle/7p566g |
| work_keys_str_mv |
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